Adobe Stock
Officials with Fort Worth-based Higginbotham announced on Tuesday that has made another acquisition in the southeast, acquiring Adams Benefit of Boca Raton, Florida, a family-operated agency specializing in employee benefits and human resources support.
“We have a presence in Central Florida, but we've been looking to expand into South Florida for some time,” said Higginbotham Chairman and CEO Rusty Reid in a statement. “It was important to make the move with the right partnership in place. With Adams Benefit of Boca Raton, we're confident that we're joining forces with a dedicated local team that shares our approach to client service and community.”
Adams Benefit was founded by David B. Adams II in 1975. The firm provides insurance products and services to more than 75,000 employees and is responsible for more than $300 million in insurance premiums.
“We talked to many different companies, but in the end the choice was clear,” said Adams, CEO of the firm. “Higginbotham is the best fit for us because we share their values. Like us, they treat their carrier partners as friends, and their clients and teammates as family. We also share their dedication to community service and appreciate that they're employee owned. Frankly, there was nothing but upside here.
“We've been a community oriented, family business here in South Florida for almost 50 years. Now we're part of a much larger family, with access to national resources. But it's still a family. Higginbotham welcomed us right in.
Adams Benefit partners include D. Blair Adams III, who serves as president, and Sal Aleguas.
“I've been so impressed with the Higginbotham professionalism and the way they've helped us through the transition,” Adams III said. “They've been right there whenever we need them. With Higginbotham, we know that our team and our clients are already a shared priority."